Chapter
SEC Chair Speaks on the Reform Agenda and Accountability of Companies
32:48 - 46:40 (13:52)
SEC Chair speaks on the reform agenda in the stock market, particularly in terms of getting the best price for retail market orders and holding companies accountable for any misleading actions. The focus is not solely on registration, but rather on a larger agenda for accountability across various markets.
Clips
The data suggesting that payment for order flow leads to better price improvement than general exchanges for retail trading platforms like Robinhood may not be accurate, indicating the need to instill greater competition.
32:48 - 34:59 (02:11)
Summary
The data suggesting that payment for order flow leads to better price improvement than general exchanges for retail trading platforms like Robinhood may not be accurate, indicating the need to instill greater competition.
ChapterSEC Chair Speaks on the Reform Agenda and Accountability of Companies
EpisodeSEC Chair Gary Gensler Answers Your Questions
PodcastThe Problem With Jon Stewart
The speaker emphasizes the importance of company registration in preventing situations where short sales can exceed the number of shares available due to naked shorting.
34:59 - 41:47 (06:47)
Summary
The speaker emphasizes the importance of company registration in preventing situations where short sales can exceed the number of shares available due to naked shorting. While direct registration could address concerns of transparency, most companies including GameStop are already registered which could help prevent naked shorting.
ChapterSEC Chair Speaks on the Reform Agenda and Accountability of Companies
EpisodeSEC Chair Gary Gensler Answers Your Questions
PodcastThe Problem With Jon Stewart
The SEC has faced more challenges in court over the past few years from big banks, stock exchanges, fund companies, and their associations.
41:47 - 46:40 (04:53)
Summary
The SEC has faced more challenges in court over the past few years from big banks, stock exchanges, fund companies, and their associations. The new SEC chair discusses how they are holding companies accountable to protect the public and ensure the reform agenda is critical.